Sensex sheds over 600 points after poll decides for a Brexit
Latest Updates
Rupee ended at 67.951 down 0.670 points on currencies shrinking globally.
NSE Nifty ended 181 points down at 8,088.60, holding its above 8,000 mark. The index was heavily negative with 6 advances and 45 declines.
After British decides to leave EU membership, Indian market managed to re-gain some movement from the hotbed of morning trading session. Sensex ended at 26,397.71 down 604.51 points or 2.24%. The 30-script was negative as they faced selling pressure by investors. The index had 6 advances and 24 declines. Tata Motors was among the top losers after the Brexit poll decision. The shares of Tata Motors closed at Rs. 449 down 8%.
Black Friday for market : PK Basu, Chief Economist, Macquarie
European Market slumps by 8% at 4,124.71, led by Brexit success.
Brexit will have an global impact says CP Gurani, CEO, Tech Mahindra
Brexit will create a precedent in EU and other countries, says Madhusudan Kela, Chief Investment Strategist Reliance Capital.
Gold price jump to highest in three years.
Sharp jump seen in gold and silver on Brexit.
Maruti Suzuki stated they are prepared to deal with Brexit and they will continue export like before. However the company's stock was trading below 111 points at Rs. 4,051.30. It opened at Rs. 4,071 lower from its previous close of Rs. 4,162.65.
David Cameron decides to step down from Britam Prime Minister says, "He respects people's decision."
We are prepared to deal with situation says Economic Affairs Secretary Shaktikanta Das
British exit from EU membership slumped the Tata Motor shares. The shares of the company was trading at Rs. 444.65 down 43.35 points or 8.88%. It faced selling pressure with total traded quantity of 27.48 lakh shares against two weeks average quantity of 7.68 lakh shares.
At 1.57 pm, Nifty was down by 241.70 points at 8,028.75. It was negative with 5 advances and 46 declines.
Raghuram Rajan cooled off Indian market, by saying RBI would provide liquidity to enable orderly adjustment in the local market following Brexit creating ripples across global markets, while he expects India's strong fundamentals would help it to remain largely immune from the shock. Sensex was bounces back to its 26,000 mark. However, the market was trading down by 774.98 points or 2.87% at 26,227.24 on global cues.